LKQ (NASDAQ:LKQ) Trading Down 3.6% - What's Next?

LKQ Co. (NASDAQ:LKQ - Get Free Report) shares traded down 3.6% during mid-day trading on Thursday . The stock traded as low as $38.61 and last traded at $38.46. 473,448 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 2,280,436 shares. The stock had previously closed at $39.92.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LKQ shares. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Price Performance

The firm has a market cap of $10.09 billion, a PE ratio of 14.92 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $40.49 and a two-hundred day moving average price of $39.57.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. LKQ's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, equities analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ's payout ratio is presently 44.78%.

Insider Activity at LKQ

In related news, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction on Friday, April 25th. The shares were acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer now owns 280,777 shares in the company, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dominick P. Zarcone sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the sale, the director now owns 321,135 shares in the company, valued at approximately $13,535,840.25. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Institutional Trading of LKQ

A number of hedge funds have recently added to or reduced their stakes in LKQ. Cromwell Holdings LLC lifted its position in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in LKQ in the 1st quarter valued at $30,000. Banque Cantonale Vaudoise purchased a new position in shares of LKQ in the first quarter worth about $40,000. UMB Bank n.a. lifted its stake in shares of LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after buying an additional 500 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in shares of LKQ in the first quarter worth about $42,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.